498 Olmsted St SWPalm BayFL32908
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palm Bay at 498 Olmsted St SW, Palm Bay, FL, 32908 priced at $339,990 pairs $2,891/mo rent with $635/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,891/mo, and annual cash flow comes to $7,618/yr on $112,707 invested. Return on cash invested is 26.67% in year one, and rental yield stands at 10.2% on a $339,990 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,933 by year five. Five-year ROI measures 139.66% and total cumulative return in cash reaches $157,407. For financing, Ziffy Mortgage’s DSCR program evaluates $2,891/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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Listed by: Jamie Chung Whitfield • WJH Brokerage FL LLC
Mls Name: Space Coast AOR
Mls ID: #1030289
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.